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Article: February fundings way up at North American. (North American Mortgage Co.)(Brief Article)
- Article from:
- American Banker
- Article date:
- March 12, 1996
- Author:
CopyrightCOPYRIGHT 1996 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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North American Mortgage Co., one of the nation's largest independent home lenders, announced its February loan fundings were $823 million, a 158% increase from the level in February 1995, when it funded $323 million.
Of last month's fundings, 55% were refinancings.
The company has been selling servicing regularly, and as a result, its portfolio shrank slightly. In February 1996, North American serviced $13.5 billion of ...